General Market
Outlook
The market has been taken over by
bears once again. Nearly all coins are down in the top 100, but
trading volume continues to is rising. KuCoin (KCS) is the only
major stand out of the top 100 coins - up almost 10% in the past 24
hours. Bitcoin is right around $6,400 for about -6% change and
Ethereum is right at $440 for -9% change in the past 24 hours.
Market cap for the overall cryptocurrency market lost about $20
billion doin to $254 billion total.
Major
Headlines
South Korea Green Light -
India Red Light
Cryptocurrency are now officially
recognized in South Korea. The government has finalized plans to
create a new classification for the cryptocurrency and blockchain
industry- as “cryptocurrency exchanges and brokerages.” They
will be considered regulated financial institutions.
The Supreme Court of India has
refused to overturn the Reserve Bank of India's (RBI) order to
cease all existing banking relationships with cryptocurrency
exchanges. However, there is a hearing still to be held on July
20th to finalize the decision. The RBI must provide detailed
reasoning for the ban. The result is local exchanges cannot process
fiat-to-crypto trades.
Bancor Exchange Hacked For
Over $13 Million
The exchanged tweeted a description of the
event yesterday. A vulnerability was exploited for totals of: $12.5
million ETH, $1 million worth of NPXS, $10 million worth of BNT.
BNT is the Bancor native token. They exchange was able to secure
the BNT using a mechanism built into the Bancor Protocol. Bancor
stated that this was built in to “be used in an extreme situation
to recover from a security breach, allowing Bancor to effectively
stop the thief from running away with the stolen tokens.” The hack
occurred at approximately 00:00 UTC using a wallet designated to
upgrade some smart contracts. Bancor is now “working together with
dozens of cryptocurrency exchanges to trace the stolen funds and
make it more difficult for the thief to liquidate them”.
Chicago Exchange Files For
Bitcoin ETF
The world’s largest futures
exchange Cboe has filed for a bitcoin ETF with the U.S. Securities
and Exchange Commission (SEC). This would enable investors in the
public market to trade Bitcoin. Cboe would facilitate (OTC) trades
amongst accredited investors in the traditional finance market,
while insuring funds in bitcoin acquired by investors. Cboe is the
third financial institutions to file for a bitcoin ETF with the
SEC. The others, by SolidX and Gemini were rejected by the SEC in
2017 due to lack of overseas regulations and price manipulation.
However, regulation has been seriously underway since
then.
Top 5
Gainers
VeriMI (VME) +31.21% at
$0.026049
Matryx (MTX) +25.53% at
$0.294154
Cashaa (CAS) +24.62% at
$0.040633
Hurify (HUR) +24.51% at
$0.043646
CryptoInsight (TKR) +22.16% at
$0.017633
Top 5
Losers
Thrive Token (THRT) -37.87% at
$0.025091
Super Bitcoin (SBTC) -35.58% at
$7.18
SalPay (SAL) -35.52% at
$0.054639
Transcodium (TNS) -33.59% at
$0.012883
Wowbit (WWB) -27.61% at
$0.262860
New Coins
Listed
AppCoins (APPC) listed to
HitBTC
Bankex (BKX) listed to
Bittrex
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Kucoin Shares
(KCS)
Chicago Board Options
Exchange (CBOE)
Bitcoin ETF
VeriMI
(VME)
Matryx
(MTX)
Cashaa
(CAS)
Hurify
(HUR)
CryptoInsight
(TKR)
Thrive Token
(THRT)
Super Bitcoin
(SBTC)
SalPay
(SAL)
Transcodium
(TNS)
Wowbit
(WWB)